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waiting hawk
ParticipantGamble with ur primary residence. Good idea!
Participant70% of our economy is consumption…..
ParticipantHere is a good one for ya PS,
Participant“Of course, they are now finding that their home in Menifee (“we can easily get $650k for it, we have already had offers…”) is going to take a long time to sell,”
haha darn right. Tell them to check my site and after a few months of them trying to sell, I can ad them to the site if they would like 🙂
ParticipantFunny u posted this. My bill is $360 for a 1400 sqft house!!!!!
ParticipantGood point EG that cost puts it way into the red.
ParticipantOCRenter post:
“I’m guessing $70,000 for the renovation. that would only be a $30,000 profit at the current price. if the agent’s commission is 4%, that’s about $8000 in profit. less uncle sam and the governator’s taxation, we’re looking at $5000. ”Damn OCrenter u were $7,000 off. Good job
ParticipantYa tx chick really did not let up huh. My post is under the name Hessj on that forum. I don’t think I will add that home to my site. It’s to sad.
ParticipantI have to bump my old thread back up. Flipper found out that they are under and now ask for help. So sad..
http://www.websitetoolbox.com/tool/post/sdcia/vpost?id=1257755
ParticipantMy question is: At what point would each person feel comfortable getting into the market and buying? Are people waiting for a 10% reduction? 20%? 35%?
35%. If I had to sell my property last month 30% below then 35% is not asking much.
ParticipantPS, Can you imagine if people had to use their HELOC Visa cards to fill up their tank???
July 18, 2006 at 5:26 PM in reply to: US Dollar Held Up by Confidence, Not Reality: Peter Schiff #28766ParticipantPS you have good point and thanks on the bank info. As for Schiff, it is possible that we could be lied to due to my belief that home purchase and energy SHOULD be listed into the inflation measurement cpi. But can the government hold the public down for so long? It would be very doubtful. I am betting my main purchasing power within the US. Peter did state that the items we purchase within the US would go down with the value of the dollar also. We would be most hurt on buying foreign items (everything from China). If rents start raising it would raise the CPI making the fed raise rates again also. So worse case I could use my US currency to buy a US home but fill it with crappy furniture that I would have to make myself (along with a spray painted granite counter top 🙂
ParticipantWould be worse if inventory showed all new homes and FSBO (forsale by owners).
ParticipantDoofrat ur right I totaly spaced on that. I think that you have to add that to ordinary income making it a mess at tax time. Geez people really didn’t know what they got themselves into..
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